noCreativity: what changed
noCreativity
Largest movements
- Cash -€5,852
down €5,852 (-42.5%), from €13,758 to €7,905
mainly Other debts (-€42,480) and Investment in fixed assets (net) (-€8,304)
- Tangible fixed assets -€1,663
down €1,663 (-7.3%), from €22,739 to €21,076
of which Plant, machinery and equipment: -€5,703
- Deferred charges and accrued income +€1,603
new in 2025: €1,603
- Receivables within one year +€1,510
up €1,510 (+3.8%), from €39,520 to €41,030
of which Other amounts receivable: +€1,510
- Other debts -€42,480
down €42,480 (-100%), from €42,480 to €0
- Reserves +€34,947
up €34,947 (+189%), from €18,483 to €53,430
- Trade debts +€2,051
up €2,051 (+246%), from €835 to €2,887
- Tax, wage and social debts +€1,306
up €1,306 (+16.8%), from €7,791 to €9,097
of which Taxes: +€1,306
- Gross operating margin -€13,632
down €13,632 (-18.4%), from €73,933 to €60,302
- Other operating charges -€3,537
down €3,537 (-81.6%), from €4,333 to €796
- Taxes -€1,929
down €1,929 (-13.2%), from €14,605 to €12,676
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,016 | €71,614 | -€4,402 | -5.8% |
| Fixed assets | 21/28 | €22,739 | €21,076 | -€1,663 | -7.3% |
| Tangible fixed assets | 22/27 | €22,739 | €21,076 | -€1,663 | -7.3% |
| Plant, machinery and equipment | 23 | €18,347 | €12,643 | -€5,703 | -31.1% |
| Furniture and vehicles | 24 | €4,392 | €8,432 | +€4,040 | +92.0% |
| Current assets | 29/58 | €53,277 | €50,538 | -€2,739 | -5.1% |
| Amounts receivable within one year | 40/41 | €39,520 | €41,030 | +€1,510 | +3.8% |
| Trade receivables | 40 | €14,186 | €14,186 | = | 0.0% |
| Other amounts receivable | 41 | €25,334 | €26,844 | +€1,510 | +6.0% |
| Cash at bank and in hand | 54/58 | €13,758 | €7,905 | -€5,852 | -42.5% |
| Deferred charges and accrued income | 490/1 | - | €1,603 | +€1,603 | |
| Total equity and liabilities | 10/49 | €76,016 | €71,614 | -€4,402 | -5.8% |
| Equity | 10/15 | €24,683 | €59,630 | +€34,947 | +142% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,483 | €53,430 | +€34,947 | +189% |
| Distributable reserves | 133 | €18,483 | €53,430 | +€34,947 | +189% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,333 | €11,984 | -€39,349 | -76.7% |
| Amounts payable within one year | 42/48 | €51,106 | €11,984 | -€39,122 | -76.6% |
| Trade debts | 44 | €835 | €2,887 | +€2,051 | +246% |
| Suppliers | 440/4 | €835 | €2,887 | +€2,051 | +246% |
| Taxes, remuneration and social security | 45 | €7,791 | €9,097 | +€1,306 | +16.8% |
| Taxes | 450/3 | €6,241 | €7,547 | +€1,306 | +20.9% |
| Remuneration and social security | 454/9 | €1,550 | €1,550 | = | 0.0% |
| Other amounts payable | 47/48 | €42,480 | €0 | -€42,480 | -100% |
| Accrued charges and deferred income | 492/3 | €227 | €0 | -€227 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,600 | €9,967 | -€634 | -6.0% |
| Other operating charges | 640/8 | €4,333 | €796 | -€3,537 | -81.6% |
| Gross operating margin | 9900 | €73,933 | €60,302 | -€13,632 | -18.4% |
| Operating profit (loss) | 9901 | €59,000 | €49,539 | -€9,461 | -16.0% |
| Financial income | 75/76B | €241 | €266 | +€25 | +10.3% |
| Recurring financial income | 75 | €241 | €266 | +€25 | +10.3% |
| Financial charges | 65/66B | €2,156 | €2,181 | +€25 | +1.2% |
| Recurring financial charges | 65 | €2,156 | €2,181 | +€25 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €57,085 | €47,624 | -€9,461 | -16.6% |
| Income taxes | 67/77 | €14,605 | €12,676 | -€1,929 | -13.2% |
| Profit (loss) for the period | 9904 | €42,480 | €34,947 | -€7,533 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,480 | €34,947 | -€7,533 | -17.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.